Legal & General Group Plc Sells 23,286 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Legal & General Group Plc decreased its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 21.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 84,164 shares of the technology company's stock after selling 23,286 shares during the period. Legal & General Group Plc's holdings in Zillow Group were worth $5,963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in Zillow Group in the fourth quarter valued at about $165,326,000. Arrowstreet Capital Limited Partnership lifted its stake in Zillow Group by 1,261.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company's stock valued at $18,454,000 after buying an additional 241,331 shares in the last quarter. Virtu Financial LLC lifted its stake in Zillow Group by 101.3% in the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company's stock valued at $29,775,000 after buying an additional 211,482 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Zillow Group in the fourth quarter valued at approximately $14,916,000. Finally, NINE MASTS CAPITAL Ltd raised its holdings in shares of Zillow Group by 47.4% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 163,658 shares of the technology company's stock worth $11,595,000 after acquiring an additional 52,622 shares during the period. 20.32% of the stock is currently owned by institutional investors.

Zillow Group Trading Up 2.8 %

NASDAQ ZG traded up $1.79 during trading on Thursday, hitting $64.99. 136,612 shares of the company's stock were exchanged, compared to its average volume of 572,931. The stock's 50 day moving average price is $68.36 and its two-hundred day moving average price is $70.64. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $86.58. The company has a market cap of $15.76 billion, a PE ratio of -138.27, a P/E/G ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Transactions at Zillow Group

In related news, insider Errol G. Samuelson sold 2,854 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the transaction, the insider now directly owns 142,636 shares of the company's stock, valued at approximately $10,460,924.24. This represents a 1.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the sale, the chief financial officer now owns 99,362 shares of the company's stock, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,919 shares of company stock worth $7,869,478. Company insiders own 17.14% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ZG. William Blair began coverage on Zillow Group in a research note on Monday. They issued a "market perform" rating on the stock. Baird R W raised shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. KeyCorp reduced their target price on shares of Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. Cantor Fitzgerald upped their target price on Zillow Group from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Citigroup lowered their price target on Zillow Group from $98.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $81.05.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.